A senior executive with Lufthansa said Berlin’s delayed airport should be “torn down and rebuilt.” The comment has drawn a rebuke from the CEO of the airport, whose opening is currently expected in 2020 — eight years behind schedule.
A pizzeria in Berlin set the world record for most cheeses on one pie: 111 varieties, confirmed by a Guinness representative.
Niki Lauda will launch Laudamotion in March. The airline is a successor to the insolvent Niki, taken down in the Air Berlin flameout. Mr. Lauda expects it to be in the black again by the second year. (Reuters)
Fraport, which runs Frankfurt’s airport, expects up to 68.5 million passengers this year after a record 64.5 million in 2017. Discount flyers are keeping Germany’s busiest airport … busy.
The price of steel and aluminum exported to the US by German manufacturers will increase by €400 million because of President Trump’s new tariffs, the head of the German chambers of commerce and industry said. (WirtschaftsWoche)
Bayer may have to shed more businesses to get US antitrust approval for its takeover of Monsanto, Bloomberg reported, causing shares in both companies to lose ground. Final approval may take months.
German prosecutors are investigating whether a negative report by Viceroy Research about broadcaster ProSiebenSat.1 constituted market manipulation. The media company’s shares fell as much as 8% last week.
Asmallworld, a social networking site aiming to rival Facebook, plans to list on the Swiss stock exchange on March 20 with a valuation of 79.3 million Swiss francs ($83.7 million).
Germany’s 30 blue-chip companies earned €133 billion in operating profits last year, an all-time high and 17% higher than in 2016. Exports boosted the earnings.